News
NEW ROAD BRINGS NEW MONEY
January 9, 2012
| With Westside Parkway opening up soon, nearby properties stand to become more high profile. And that's attracting cash. An Atlanta investment firm with ties to Israeli money has purchased the Alpharetta offices of payroll services firm ADP. | ||
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| OA Development bought Lakeview 400, a two-building, 135k SF office (2555 and 2575 Westside Pkwy in Alpharetta) for $10.4M, or nearly $77/SF, from NY-based Sentinel Real Estate Corp. Resource Real Estate's Tom Shafer brokered the sale. OA's Steve Berman tells us Lakewood 400 is the capstone on a flurry of investment activity in the past 13 months, including its purchase of a 100k SF lab space on Bluegrass Parkway and 2400 Lake Park Dr in Smyrna. Lakeview 400 is a little over 85% leased with half that space the home of ADP. | ||
